American Express and Ariba Launch Ariba Processing Plus in the United Kingdom.SUNNYVALE, Calif. & LONDON -- Expanded Offering Provides Joint American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Corporate Purchasing Clients and Ariba Buyer Customers Greater Purchasing, Processing, and Payment Opportunities American Express(R) (NYSE NYSE See: New York Stock Exchange :AXP The brand name Digital gave to its first family of Alpha-based computers. In 1998, Digital was acquired by Compaq. See Alpha. ) and Ariba(R), Inc. (Nasdaq:ARBA) today announced the launch in the United Kingdom of the Ariba Processing Plus(TM) solution (AP Plus(TM)). The joint offering will provide automated electronic procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and payment functionalities for Ariba's United Kingdom customers using the American Express Corporate Purchasing Solution(TM). AP Plus has seen significant client success in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. for the past several years. This launch begins the introduction of the solution to country markets outside of the United States. AP Plus enables customers to gain cost and time efficiencies on their Ariba Buyer(TM) purchases through enhanced data capture, accurate data reconciliation, and real-time online reporting. "Our partnership with Ariba continuously provides innovative and beneficial solutions for our customers on a global scale," said John Bostock, head of Corporate Purchasing Solutions, EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. , American Express. "The launch of AP Plus in the UK is a great step forward for suppliers and buyers because it saves customers time and money by providing a seamless, accurate and real-time purchasing and reconciliation solution. AP Plus further enhances our offering to our corporate customers and ensures that we continue as leaders." AP Plus combines the functionality of Ariba Buyer and the Ariba Supplier Network(TM) with the financial controls and benefits of the American Express Corporate Purchasing Solution and its global Merchant Network to provide a closed loop, global, online procurement to payment solution. Enhanced purchase order line item details including Value Added Tax value added tax n (BRIT) → impuesto sobre el valor añadido or agregado (LAM) value added tax n (Brit (VAT) data is captured allowing customers to easily manage their data reconciliation and tax reclaim. To offer the highest level of security, the Corporate Purchasing Solution account numbers are maintained by the buyer and are not shared with suppliers. For suppliers, AP Plus eliminates the need for separate point-of-sale systems that require manual entry and carry the risk of administration errors. "Suppliers will also see significant improvements," said Paul Hampton, marketing director Northern Europe, Ariba. "AP Plus is the only purchasing card A Purchasing Card is a form of company credit card that allows goods and services to be procured without utilising a traditional purchasing process. Purchasing Cards are usually issued to employees who are required to operate within a set of company rules and guidelines which solution that eliminates the need for third party point-of-sale solutions. This streamlines supplier enablement Supplier Enablement is the process of electronically connecting suppliers (or other trading partners) to a company's supply chain. Supplier enablement is achieved when suppliers of goods and services are connected to a company's back-office systems to exchange critical business and minimizes manual data entry errors, ultimately leading to faster payment for suppliers." Dana Kirchman, VP of Global B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business Payments and Large Client Marketing at American Express, added, "AP Plus increases the power and performance of a client's Purchasing Card program and drives additional value from their Ariba implementation. We are pleased to extend this offering to our multinational clients doing business in the UK." AP Plus provides customers with enhanced line item detail that reduces manual processing costs and improves visibility into transaction detail. This detail includes online status updates and history available for card authorization, settlement, and purchase order transactions. Additionally, a complimentary help desk and online portal are available to AP Plus suppliers. About American Express American Express Company (http://www.americanexpress.com) is a diversified diversified (di·verˑ·s worldwide travel, financial and network services company founded in 1850. It is a world leader in charge and credit cards, Travelers Cheques, travel, business services and international banking. About American Express Global Corporate Services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. Through its Global Corporate Services group, American Express provides expense management services to more than 100,000 firms worldwide through its Corporate Card program, Corporate Purchasing Solutions and Business Travel Services. It is both the leading issuer of commercial cards and the largest corporate travel management company in the U.S., serving nearly 70 percent of the Fortune 500, along with tens of thousands of mid-sized companies. More information on expense management tools from Corporate Services can be found at http://www.americanexpress.com/corporateservices. The American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , investment products, insurance and international banking. About The Ariba Supplier Network The Ariba Supplier Network is an open business transaction network. It includes 120,000 registered e-enabled suppliers engaging in transactions worth more than $5 billion each month with some of the world's largest buying organizations. The network has suppliers in 115 countries and supports ten languages. Participating buyers and suppliers can conduct business with each other electronically, managing complete transactions -- from sourcing, to orders, to payment. They can also access multiple network-delivered services to enhance interaction and collaboration among companies. About Ariba Ariba, Inc. is the leading provider of Spend Management solutions to help companies realize rapid and sustainable bottom line results. Successful companies around the world in every industry use Ariba Spend Management software and services. Ariba can be contacted in the U.S. at 1.650.390.1000 or at www.ariba.com. Copyright (C) 1996 - 2005 Ariba, Inc. Ariba and the Ariba logo are registered trademarks of Ariba, Inc. Ariba Spend Management, Ariba Spend Management. Find it. Get it. Keep it., Ariba. This is Spend Management, Ariba Solutions Delivery, Ariba Analysis, Ariba Buyer, Ariba Category Management, Ariba Category Procurement, Ariba Contract Compliance, Ariba Contracts, Ariba Contract Management, Ariba Contract Workbench, Ariba Data Enrichment enrichment Food industry The addition of vitamins or minerals to a food–eg, wheat, which may have been lost during processing. See White flour; Cf Whole grains. , Ariba eForms, Ariba Sourcing, Ariba Invoice, Ariba Travel & Expense, Ariba Workforce, Ariba Supplier Network, Ariba Supplier Performance Management, Ariba PunchOut, Ariba QuickSource, PO-Flip, Ariba Settlement and Ariba Spend Management Knowledge Base are trademarks or service marks of Ariba, Inc. Ariba Proprietary and Confidential. All rights reserved. Patents pending. All other trademarks are property of their respective owners. Ariba Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 1995: Information and announcements in this release involve Ariba's expectations, beliefs, hopes, plans, intentions or strategies regarding the future and are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Ariba as of the date of the release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to Ariba's operating and financial results to differ materially from its current expectations include, but are not limited to: delays in development or shipment of new versions of Ariba's products and services; lack of market acceptance of Ariba's existing or future products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; the ability to attract and retain qualified employees; difficulties in assimilating as·sim·i·late v. as·sim·i·lat·ed, as·sim·i·lat·ing, as·sim·i·lates v.tr. 1. Physiology a. To consume and incorporate (nutrients) into the body after digestion. b. acquired companies; long and unpredictable sales cycles and the deferrals of anticipated orders; declining economic conditions; inability to control costs; changes in the company's pricing or compensation policies; significant fluctuations in our stock price; the outcome of and costs associated with pending or potential future regulatory or legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. ; the impact of our acquisitions, including the disruption or loss of customer, business partner, supplier or employee relationships; and the level of costs and expenses incurred by Ariba as a result of such transactions. Factors and risks associated with its business, including a number of the factors and risks described above, are discussed in Ariba's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed December 7, 2005. |
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